Ethereum Bears Squeezed: $113M Liquidated as ETH Eyes Critical $2,000 Breakout
Ethereum bulls have seized control as Ether surged 4.5% to hit $1,980, triggering a massive $113 million short liquidation event. This sudden price action has effectively wiped out bearish bets, shifting the market sentiment toward a strong bullish outlook.
Driven by surging ETF inflows and increased staking activity, the Ethereum market cap has climbed to $237 billion. All eyes are now on the $2,000 threshold, a key psychological level that could serve as the launchpad for a major breakout if momentum continues.
Ether (ETH) jumped 4.5% to reach $1,980, closing in on the critical $2,000 mark and lifting its total market cap to $237 billion. The rapid ascent led to a massive squeeze, with short liquidations totaling $113 million as bears were caught off guard by the upward momentum.
According to Bitstamp data, the rally is being fueled by rising exchange-traded fund (ETF) flows and heightened staking activity. As ETH approaches the $2,000 milestone, traders are closely watching for a definitive breakout that could signal the next leg of the bull run.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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